C.V‪.‬ C.V.

If there’s one thing we will remember year 2020 for, is the opportunities and crazes it instigated, generated, mandated or whatever you may call it, opportune paths created. Yes, it’s not always the COVID pandemic, which it is truly known for, nor the social unrests and the craze of USA presidential elections, but the frenzies of it all, well with regards to financial growth, is emergence of SPAC.

Many of today’s generation could care less about voting right, instead rely on those in voting position to make rightful choices. What if you desired to have a say or vote to change the course of a company? And what if you are given the opportunity to obtain this voting power cheaply… 

In 1963 Ferrari was set to be bought by Ford. Ferrari's ego got in the way and so Ford chose rather to go another route: Develop a car to beat Ferrari. It is 2020, Ford is set out to interrupt Tesla market domination… and it doesn’t look like anything is going to stop it.

Despite the consumer reactions, investors were still amplified to cashing on Quibi’s IPO. The pandemic saw 95% of streaming platforms (YouTube, Netflix, Hulu) experienced overacted stock prices and valuations, that If Quibi were publicly traded, we would have seen one highly overrated stock price and valuation of any streaming platform ever. 

Let’s get this out of the way, what’s not to like about preferred shares. Seriously they are a great financial product: more stable than industry standards, provides high dividend yield incomes, has low cost barrier to a large diversified portfolio. You can even go as far as saying preferred shares are a hybrid of bonds and common shares.
But still...?

Earlier, Lucid CEO and chief technology officer, Peter Rawlinson, announced the price of Lucid Air vehicle (entry level) is set at $69,900. What did Tesla CEO, Elon Musk, do? You guessed it (or maybe not), he announced the sale of Model S starting immediately at $69,900. Interesting, huh. Are we having a battle of two prominent CEOs?